Decreasing the conversion time increases the systemic risk of complete collapse.
I think it's been talked about before but lowering it less than 24 hours in basically impossible from that perspective. That ties into the "it works until it doesn't" idea. The way conversions operate ensure that it will keep working when considering the haircut and the fact that it can depeg on purpose.
Yes it would be great if we had more organic usage and more market makers than just the stabilizer. But we... don't. If HBD had exchange listings we'd have plenty of market makers automatically maintaining the peg. It's kind of like that saying: "When your rich everything comes free." A network like Hive struggles a lot because it's small and doesn't have a ton of network effect. The HBD problem gets fixed automatically if Hive just gets more adoption in general... which can be accomplished in a lot of different ways [in theory].
Hmm maybe we also face other problems already, also close to a systemic collapse with these witnesses circlejerking and extracting for too long risking that their nodes ain't economical anymore.
I don't expect them to run their nodes altruistically and that was also not the design of this chain.
But it appears that the greed has destroyed themselves.
It will be very interesting if this chain can survive until next bull market.
I should have also powered down and paid out. Especially because I really need money to survive. But I was too loyal and only powered down and paid out once, when I was homeless and struggling to survive. I never was rewarded according to that. While the biggest permanent power-down and paying out people got dozens of HBD on their generic posts..
Maybe this platform has truly earned its self destruction.
And sadly at a time in internet history where we really actually need something like hive.
Thank you for your great replies, as always.